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January 10, 2013 10:03 AM Eastern Time

American Communities Announces Expansion with Purchase of Chaparral
Creek in Las Colinas, Texas

DALLAS--(BUSINESS WIRE)--American
Communities, a real estate firm that focuses on the acquisition,
development and management of multi-family communities in select
markets, announced today that it recently acquired the multi-family
housing property, Chaparral
Creek, which is located at 3701 N. O’Connor Rd., in Irving, Texas.
The property marks the fourth multi-million dollar real estate
investment for the Dallas-based firm, which was founded in May 2012.

“It also speaks volumes of the trust our
private investors have in our management team and our success as a
company. We’re excited to have our name attached to Chaparral Creek and
look forward to instilling our culture of success within the management
and service staff at this new location.”

“Chaparral Creek in Las Colinas fits perfectly with our growing real
estate portfolio,” said Ronny
Guerrero, CEO and president of American
Communities. “Our team’s been in the real estate market for over 20
years. We’ve been able to leverage our experience to identify and
acquire properties that fall into the aggressive growth strategy we’ve
set for our firm. American Communities has a proven track record for
turning non-performing, multi-family properties into rewarding
investments.”

Located on 30 acres adjacent to the Four Seasons Hotel & Resort and
across fromthe Las Colinas Country Club, Chaparral
Creek is a multi-family community that boasts over 500 residential
apartments that feature one and two bedroom floor plans. The property
also features a newly renovated, state-of-the-art fitness club,
community center, four pools, lush landscaping with trees, covered
parking and onsite laundry facilities. As of December 2012,
American-Communities is well ahead of financial projections for the
newly acquired property.

“Acquiring Chaparral Creek reflects the high level of experience that
American Communities has in defining and leveraging opportunities in
this market,” added Guerrero. “It also speaks volumes of the trust our
private investors have in our management team and our success as a
company. We’re excited to have our name attached to Chaparral Creek and
look forward to instilling our culture of success within the management
and service staff at this new location.”

About American Communities

American Communities is a Dallas-based real estate firm that focuses on
the acquisition, development and management of multi-family communities
in select markets. The firm is the result of the long-time vision of
American Communities founder, Ronny Guerrero. Since its founding, the
firm has partnered with a number of high capital, independent
entrepreneurs who provide American Communities a foundation for
long-term financial stability and growth. For a high res image of
Chaparral Creek email Aaron Cook at ACook@TPRM.com.
Visit www.American-Communites.com
for more information.